V-Marc India Ltd
Incorporated in 2014, V -Marc India Ltd manufactures PVC Insulated Wires & Cables[1]
- Market Cap ₹ 4,454 Cr.
- Current Price ₹ 304
- High / Low ₹ 406 / 87.7
- Stock P/E 31.8
- Book Value ₹ 24.9
- Dividend Yield 0.00 %
- ROCE 41.4 %
- ROE 41.6 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 12.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -5.09%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Cables - Electricals
Part of Nifty SME Emerge
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| 895 | 1,777 | |
| Sales growth | +99% | |
| 797 | 1,575 | |
| Operating Profit | 98 | 201 |
| OPM % | 11% | 11% |
| 1 | 3 | |
| Interest | 31 | 46 |
| Depreciation | 18 | 25 |
| Profit before tax | 50 | 134 |
| Tax % | 27% | 25% |
| 36 | 100 | |
| EPS in Rs | 2.46 | 6.83 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 90% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 129% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 126% |
| 3 Years: | 127% |
| 1 Year: | 139% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 42% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|
| Equity Capital | 24 | 24 | 147 |
| Reserves | 165 | 265 | 219 |
| 175 | 214 | 390 | |
| 281 | 521 | 753 | |
| Total Liabilities | 646 | 1,025 | 1,509 |
| 139 | 195 | 259 | |
| CWIP | 24 | 36 | 57 |
| Investments | 0 | 0 | 0 |
| 483 | 793 | 1,193 | |
| Total Assets | 646 | 1,025 | 1,509 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| 23 | 109 | |
| -61 | -97 | |
| 40 | -5 | |
| Net Cash Flow | 1 | 7 |
| Free Cash Flow | -35 | 17 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 37% | 71% |
Ratios
Consolidated / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor Days | 116 | 86 |
| Inventory Days | 73 | 69 |
| Days Payable | 103 | 112 |
| Cash Conversion Cycle | 86 | 43 |
| Working Capital Days | 35 | 29 |
| ROCE % | 41% |
Insights
In beta| Feb 2022 | Jul 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Dealer Network count ・Standalone data |
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| Order Book (Unexecuted) Rs. crore ・Standalone data |
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| Production Capacity Km |
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| Total Workforce count ・Standalone data |
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| Land Area Owned sq. mt. ・Standalone data |
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| Manufacturing Facilities count ・Standalone data |
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| States Presence count ・Standalone data |
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| Turnkey EPC Contractors count ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
- V-Marc India shared Q2FY27 earnings call transcript, reporting H1 revenue 1,275.4 crore and PAT 76.4 crore.
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Analysts/Institutional Investor Meet/Con. Call Updates
- Audio recording of Q2 and H1 FY2026 earnings call for September 30, 2026 results available.
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Copy of Newspaper Publication
- Published unaudited standalone and consolidated results for quarter and half year ended September 30, 2026.
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Investor Presentation
- Q2 FY27 revenue rose 72.6% to Rs 7,198 mn; FY27 revenue growth guidance revised to 60%+.
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Updates
- V-MARC approved Q2/H1 FY27 results; revenue rose 72.6% YoY, PAT 79.7%, capacity to 260,000 km.
Annual reports
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Annual Report 2026
from nse
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Annual Report 2025
from nse
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Annual Report 2024
from nse
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Annual Report 2023
from nse
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Annual Report 2022
from nse
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Annual Report 2021
from nse
Concalls
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Nov 2026Transcript
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Nov 2026Transcript PPT REC
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Aug 2026PPT
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May 2026PPT
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Nov 2025PPT
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May 2025PPT
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Nov 2024PPT
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Apr 2021PPT
Business evolution and group structure:[1]
The promoters began in 1996 as Asian Wires & Cables Industries; the business became Asian Galaxy Pvt Ltd in 2014 and V-Marc India Ltd in 2021. Its original business was wires/cables for utilities, EPC contractors and dealers. It is now also into retail building wires, solar/special cables, exports and fast-moving electrical goods (FMEG).